Abstract
The crisis of 2007/08 has debunked the widely held belief that economic crisis and depressions are a thing of the past as wishful thinking. The papers in this volume discuss some recently suggested measures for central banks’ responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank network, and the interaction between micro- and macro-prudential regulation. They compare different approaches for solving the Eurozone sovereign-debt problem and provide a new and intriguing explanation for rising income inequality. In this introduction, we survey these contributions and explain how they are related.
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Heinemann, F., Klüh, U., Watzka, S. (2017). Monetary Policy, Financial Crises, and the Macroeconomy: Introduction. In: Heinemann, F., Klüh, U., Watzka, S. (eds) Monetary Policy, Financial Crises, and the Macroeconomy. Springer, Cham. https://doi.org/10.1007/978-3-319-56261-2_1
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DOI: https://doi.org/10.1007/978-3-319-56261-2_1
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